“Trickle-Down” Economics Started As A Joke – And It Still Is

found online by Raymond

 
From Ted McLaughlin at jobsanger:

This is a failed economic theory, and always has been. Nothing trickles down. The bank accounts of the rich just get fatter — and the rest of America is left to suffer. Americans simply cannot feast on the table scraps left by the rich.

Now the International Monetary Fund (IMF) tells us what most of us already knew — that trickle-down economic theory does not work. It actually has a negative effect on economic growth, while giving more to the poor and working classes has a positive effect.

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